MIRAI Design District Secures $85 Million Construction Loan and Breaks Ground on Kengo Kuma’s First U.S. Mixed-Use Development
MIRAI Design District has secured an $85 million construction loan from Monroe Capital LLC, and has officially broken ground on the highly anticipated mixed-use development in Miami’s Design District. Developed by Leviathan Development, Lionheart Capital, Well Duo, and The Lane Organization, MIRAI Design District will introduce approximately 41,000 SF of Class A boutique office space and 16,000 SF of luxury high street retail and hospitality space to the neighborhood
MIRAI Design District has secured an $85 million construction loan from Monroe Capital LLC, and has officially broken ground on the highly anticipated mixed-use development in Miami’s Design District.
Developed by Leviathan Development, Lionheart Capital, Well Duo, and The Lane Organization, MIRAI Design District will introduce approximately 41,000 square feet of Class A boutique office space and 16,000 square feet of luxury high street retail and hospitality space to the neighborhood, with completion anticipated in 2028. The project represents architect Kengo Kuma’s first mixed-use development in the United States, marking a significant milestone for the internationally acclaimed architect whose work is known for blending architecture, nature, and cultural experience.
“We’ve spent years building our position along Northeast Second Avenue because we believed in what this corridor could become, and MIRAI is the clearest expression of that conviction. Securing this financing and breaking ground is the moment the vision becomes real — and bringing Kengo Kuma’s first U.S. mixed-use project to the Design District reflects exactly the kind of opportunity Lionheart is built to identify and execute,” said Ophir Sternberg, founder and CEO of Lionheart Capital.
Located along Northeast Second Avenue, MIRAI reflects the next phase of growth in the Miami Design District, emphasizing architecture, hospitality, walkability, and curated commercial experiences. Designed as a “floating lantern,” the building features a transparent ground floor, layered façade screening system, lush central garden, and hospitality-driven public spaces intended to create a more intimate and experiential extension to the neighborhood.
The project’s boutique office component has been positioned to attract family offices, small and mid-sized funds, and design-led businesses seeking highly curated spaces that function as extensions of their identity. Due to strong demand and the project’s highly curated vision, leasing has remained in-house.
“MIRAI was conceived as something far more experiential than a traditional mixed-use project,” said Allison Greenfield, founder and managing partner of Leviathan Development. “The goal was to create an environment where architecture, hospitality, retail, and workplace culture feel fully integrated, reflecting how people increasingly want to work, gather, and spend time in Miami. More importantly, we wanted MIRAI to contribute something meaningful to the ongoing evolution of the Design District, creating a project that enhances the neighborhood culturally, architecturally and socially for both visitors and the local community.”
Designed by internationally acclaimed architect Kengo Kuma and Associates (KKAA), MIRAI continues the broader transformation of the Miami Design District into one of the country’s most architecturally significant luxury and cultural corridors. The project joins a growing concentration of globally recognized architects, hospitality concepts, and design-led commercial experiences reshaping the neighborhood, while helping position Northeast Second Avenue as the district’s next boutique luxury corridor. Future tenants are being curated around a shared emphasis on design, culture, hospitality, and lifestyle, with a focus on brands and businesses aligned with MIRAI’s highly experiential vision. Additional tenant announcements, hospitality partnerships, and cultural programming initiatives are expected to be unveiled in the coming months as construction progresses and leasing momentum continues.
“One of the most exciting aspects of MIRAI is the opportunity to curate a community of tenants that share a common appreciation for design, culture, and hospitality,” said Eduardo Pelaez, principal of Well Duo. “Rather than simply filling space, our focus has always been on bringing together businesses and brands that contribute to the character of the building and the broader neighborhood. That level of curation is what sets MIRAI apart.”
The project’s public-facing design and future experiential programming are expected to play a central role in MIRAI’s identity, including plans for a dynamic façade lighting program in collaboration with Viabizzuno, cultural activations, and hospitality-driven gathering spaces integrated throughout the development.
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Riviera Horizons Breaks Ground on Pagani Residences in Miami's North Bay Village
Pagani Residences has officially broken ground in North Bay Village, marking a defining milestone for both the development and the neighborhood as it continues to emerge as one of Miami’s most coveted waterfront destinations.
Pagani Residences has officially broken ground in North Bay Village, marking a defining milestone for both the development and the neighborhood as it continues to emerge as one of Miami’s most coveted waterfront destinations.
On display during the ceremony were three Pagani Hypercars — the Huayra BC, Huayra Coupé, and Utopia Coupé — underscoring the craftsmanship, performance, and design excellence that inspire Pagani Residences.
The groundbreaking brought together key project stakeholders led by Mikael Hamaoui, founder and CEO of Riviera Horizons, whose vision brought Pagani Residences to life in collaboration with Horacio Pagani and Pagani Arte. Hamaoui was joined by Horacio Pagani, Edgardo Defortuna, president and CEO of Fortune International Group, Brenda Basso, chief executive officer of Pagani Arte, Nicola Volpi, chairman of Pagani Automobili, Christopher Pagani, marketing director of Pagani Automobili, and Brett David, CEO of Prestige Imports and Pagani of Miami, alongside local leadership including North Bay Village Mayor Rachel Streitfeld. Their presence reflected the highly collaborative and deeply personal nature of the project, further underscoring Pagani Residences’ significance within Miami’s evolving ultra-luxury landscape.
Developed by Riviera Horizons in collaboration with Horacio Pagani and Pagani Arte, the 30-story boutique tower will feature 70 all-corner residences designed to maximize natural light, privacy, and sweeping views of Biscayne Bay and the Atlantic Ocean. Expansive terraces extend the living experience outdoors, reinforcing the project’s connection to its waterfront setting.
“This milestone reflects a more thoughtful and enduring approach to luxury, one rooted in design integrity, craftsmanship, and long-term value,” said Mikael Hamaoui, founder and CEO of Riviera Horizons. “Today’s buyers are increasingly discerning, seeking projects with a distinct point of view and an authentic sense of authorship. Pagani Residences introduces a new level of precision and intentionality to waterfront living in Miami, while also contributing to the continued evolution of North Bay Village as one of the city’s most compelling residential destinations.”
The project arrives at a pivotal moment for North Bay Village, which continues to gain momentum as a hub for design-driven boutique development, attracting buyers seeking both proximity to Miami’s urban core and a more private waterfront lifestyle.
Representing Horacio Pagani’s first residential project worldwide, the development reflects his direct involvement across every aspect of the design process, from the architectural vision to the smallest interior details. Designed by A++ and curated by Pagani Arte, the residences incorporate signature materials and finishes inspired by Pagani Hypercars, including carbon fiber, hand-finished metalwork, and supple leathers, all reinterpreted through a refined residential lens. Extending this vision further, Pagani Arte has created an exclusive bespoke furniture collection for the residences, transforming each home into a fully immersive expression of the Pagani universe.
“For me, design has always been about creating emotion,” said Horacio Pagani. “Pagani Residences brings the spirit of our Hypercars into everyday living through craftsmanship, beauty, and a thorough attention to detail. Every material, every texture, and every space were considered with the same care we dedicate to each Pagani Hypercar.”
Upon completion, residents will enjoy a curated suite of amenities, including a rooftop pool with panoramic 360-degree views and a wellness level on the 29th floor inspired by the Italian Dolomites. A private marina and 240-foot waterfront boardwalk, along with exclusive resident access to a yacht club and beach club, further extend the lifestyle offering. Curated services will also include the Auto Privata partnership powered by Prestige Imports, an automotive concierge program providing white-glove vehicle storage, maintenance, and transportation services tailored to collectors and enthusiasts alike.
Pagani Residences start at $3.9 million.
Renderings via We Are Visuals
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Construction on Terra, One Thousand Group and Major Food Group's Waterfront Edgewater Tower Villa Miami Reaches 37th Floor
Terra, One Thousand Group and Major Food Group (MFG) have passed a major construction milestone at Villa Miami, the highly anticipated branded residential tower, which has now risen 37 floors above Biscayne Bay. The 56-story, 650-foot landmark tower features interiors by AD100 designer Vicky Charles and architecture by ODP Architects.
Terra, One Thousand Group and Major Food Group (MFG) have passed a major construction milestone at Villa Miami, the highly anticipated branded residential tower, which has now risen to 37 floors above Biscayne Bay. The 56-story, 650-foot landmark tower features interiors by AD100 designer Vicky Charles and architecture by ODP Architects. Set for completion in late 2027, Villa Miami is a landmark waterfront tower that cements Edgewater’s rise as Miami’s next great luxury neighborhood. It comprises just 70 half- and full-floor residences, each offering panoramic views of Biscayne Bay.
Edgewater, where Villa Miami rises, has emerged as one of Miami’s most dynamic residential neighborhoods. Once an overlooked waterfront district, Edgewater is now experiencing rapid growth, attracting a mix of luxury residential towers, cultural institutions, and world-class dining. Residents enjoy easy access to Miami’s top-rated lifestyle destinations, including the Design District, Wynwood, and Midtown, as well as cultural institutions such as ICA, the Adrienne Arsht Center, PAMM, and more.
The project has already drawn significant interest from a global audience of high-net-worth buyers, including professional athletes, CEOs, finance executives, and tech innovators from the Northeast, California, Canada, Latin America, and Europe.
Villa Miami marks Major Food Group’s first-ever branded residential tower, bringing the acclaimed creators of CARBONE, ZZ’s Club, Torrisi Bar & Restaurant, Sadelle’s, Dirty French Steakhouse and more into the world of luxury living. MFG has shaped every detail of the resident experience, from culinary programming to interior sensibilities, anchored by The Copper Club, a three-level private amenity suite featuring dining rooms, lounges, a screening room, salon, wellness facilities, and a rooftop helipad. A ground-floor waterfront restaurant by MFG will provide residents with VIP access and priority seating.
A collaboration between two of Miami’s most notable development firms, Villa Miami represents the first partnership between Terra and One Thousand Group, whose collective portfolio spans some of the region’s most celebrated architectural icons, including projects by Renzo Piano, Rem Koolhaas/OMA, Bjarke Ingels, and Zaha Hadid.
Renderings via Binyan Studios, Images via One Thousand Group & Terra
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Related Group, Tricap and Sydell Group Complete NoMad Residences Wynwood, Miami's Arts District First Hospitality-Infused Condominium
Related Group and Tricap, together with Sydell Group, have officially completed the NoMad Residences Wynwood, the first residential expression of the celebrated NoMad Hotels brand. Located at 2700 NW 2nd Avenue in Wynwood’s main corridor – steps from the world-famous Wynwood Walls – the nine-story, 329-residence community is now welcoming its first residents.
Internationally acclaimed real estate developers Related Group and Tricap, together with Sydell Group, have officially completed the NoMad Residences Wynwood, the first residential expression of the celebrated NoMad Hotels brand. Located at 2700 NW 2nd Avenue in Wynwood’s main corridor – steps from the world-famous Wynwood Walls – the nine-story, 329-residence community is now welcoming its first residents, with more than 90% of residences already accounted for. NoMad Residences Wynwood is also home to the celebrated Casa Tua Cucina to the heart of Miami's Wynwood Arts District
The NoMad brand was born in New York City, where it anchored the evolution of a wholesale district into one of Manhattan's most coveted addresses. In Wynwood, the brand’s effortless blend of cultural sensibility, culinary vision and residential warmth perfectly complements the neighborhood's eclectic character. It elevates it.
"For Wynwood, a neighborhood built on the collision of art, culture and creative ambition, the arrival of NoMad Residences feels less like a development milestone and more like an inevitability," said Nick Pérez, President of Related Group's Condominium Division. "We only partner with names that bring genuine character and depth to a project, and NoMad does that better than anyone. What we've built here is already a community landmark, one that will define this neighborhood for generations to come."
Since announcing the vision in 2022, the development team has been singularly focused on one challenge: translating NoMad's world-class hospitality ethos into a residential setting for the very first time. The result, shaped through a close collaboration between Arquitectonica, DesignAgency and Sydell Group, has resonated from the moment it came to market. Demand built steadily throughout development, with the project setting new price records for Wynwood in the process and now approaching full sellout. Fortune Development Sales is the exclusive sales partner.
The residences reflect the brand’s “artfully lived life” philosophy, blending old-world glamour, industrial edge and Wynwood’s creative energy into a single, seamless design language. Floorplans range from 464 to 931 square feet and include studios through two-bedroom layouts, all delivered fully furnished with curated turnkey packages designed for immediate, effortless living.
Interiors balance modern and vintage-inspired details with bold accents set against a restrained palette of stone, wood and brass, creating spaces that feel both refined and lived-in. Floor-to-ceiling glass doors open onto private balconies, filling each home with natural light and extending daily life into the outdoors. Kitchens are appointed with Bosch appliances, Italian-designed cabinetry and stone countertops, while spa-like bathrooms bring a quiet, hotel-inspired sense of ease to everyday routines.
Residences are also offered with flexible ownership and no rental restrictions, supported by in-house management handling guest services and operations.
NoMad Residences Wynwood is conceived as a fully immersive residential lifestyle. Two signature lobbies anchor the arrival experience, setting the tone for the building’s design from the moment of entry. At the top of the building, a rooftop lounge features panoramic views of downtown Miami, a resort-style pool with cabanas, an indoor-outdoor fitness lounge with cold plunge, plus summer kitchens, a cozy speakeasy and a parlour lounge.
On the ninth floor, the NoMad Library and Lounge serves as a secondary resident hub, offering shared workspaces, a card room and private dining areas.
Anchoring the ground floor, Casa Tua Cucina will open this spring with its signature open-kitchen concept and curated food and retail stations, bringing one of Miami’s most celebrated dining destinations to Wynwood. A rooftop restaurant and bar is also planned for the property, with more details to be announced in due course.
Its prime location also places residents minutes from additional MICHELIN-recognized and five-star dining establishments, as well as over 70 art galleries and upscale boutiques with Miami’s downtown and beaches just a short drive away.
True to Wynwood’s identity as Miami’s preeminent arts district, the building integrates museum-quality art throughout all interior and exterior spaces, with walls featuring hand-selected works from the Jorge M. Pérez Collection alongside commissioned pieces that pay homage to Wynwood’s mural tradition. The exterior is further defined by monumental installations from two internationally acclaimed artists, each bringing a distinct vision to the building’s façade.
British sculptor Alex Chinneck, known for large-scale architectural illusions and major public commissions across the UK, created a site-specific installation of oversized tubular forms tied into sweeping knots and bows that appear to break through the building’s façade.
Complementing this, Maine-based artist and designer Dean Barger created an expansive mural at the base of the building in gold and black, weaving together palm fronds, florals, ocean waves and marine life into a layered composition that reflects Miami’s natural environment and coastal identity.
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PMG and LNDMRK Development Break Ground on Twenty Sixth & 2nd Wynwood Residences After Securing $126 Million Construction Loan
National developer PMG and LNDMRK Development have broken ground on Twenty Sixth & 2nd Wynwood Residences after securing $126 million in construction financing for the eight-story boutique condominium rising at 2600 NW 2nd Avenue in Miami’s Wynwood neighborhood.
National developer PMG and LNDMRK Development have broken ground on Twenty Sixth & 2nd Wynwood Residences after securing $126 million in construction financing for the eight-story boutique condominium rising at 2600 NW 2nd Avenue in Miami’s Wynwood neighborhood. The property will consist of 233 fully finished and furnished residences, including select units delivered with deeded office suites, and will allow owners to host on Airbnb 365 days a year.* Construction financing was provided by Madison Realty Capital and Siguler Guff. The property is 73% sold, with expected completion in Q2 2028. PMG Residential exclusively represents sales for the project.
The transaction was led by PMG's Capital Markets team composed of Andrew Warman, Jonathan Blank, and Paton Marion, in coordination with in-house counsel Lowell Plotkin, Lindsay Davis, and Scott Buscemi. Randy Barcelo, Amanda Bennis, and Nicholas Risi at Stearns Weaver Miller Weissler Alhadeff & Sitterson served as PMG’s transactional counsel. Javier Aviñó and Andres Rivero at Bilzin Sumberg served as PMG’s land use counsel.
“Wynwood has become one of Miami’s most compelling cultural and residential districts, and we are excited to advance toward its next chapter with the support of repeat capital partners and our dedicated construction team,” said Ryan Shear, Managing Partner at PMG. “When combined with the added flexibility offered through our partnership with Airbnb, Twenty Sixth & 2nd Wynwood Residences’ offerings are second-to-none for those wishing to experience one of Miami’s top destinations on a yearly basis. We’re confident it will help set a new standard for modern urban living in Wynwood and across South Florida.”
Twenty Sixth & 2nd Wynwood Residences will be the first building to allow owners to host both their residence and private office on Airbnb year-round, supported by full-service on-site management that combines hospitality-level service with ownership flexibility. Each dedicated glass-paneled private office boasts a range of features to make working convenient for residents, including locking access, a desk and chair, and pre-wiring for TVs. The office space also comes equipped with well-appointed conference rooms, lounge areas, and a kitchen.
Designed by architecture firm CUBE 3, Twenty Sixth & 2nd Wynwood Residences reflects the artistic character and creative rhythm of Wynwood while introducing a new standard for flexible urban living. Residences range from thoughtfully designed studios to expansive one-bedroom homes with dens, with pricing from $500K to $1 million with sales overseen by PMG Residential. Interiors will include fully built-out closets, premium appliance packages, Italian bathroom cabinetry by ITALKRAFT, fixtures by WaterWorks, in-unit washers and dryers, and contemporary lighting.
"Wynwood has undergone a remarkable transformation, and Twenty Sixth & 2nd is well-positioned to advance that momentum with a thoughtfully conceived, fully amenitized residential product in a neighborhood that has established itself as one of Miami's most sought-after destinations for both residents and visitors," said Josh Zegen, Co-Founder and Managing Principal of Madison Realty Capital. "We are proud to support PMG and LNDMRK, both of which are repeat borrowers with a strong track record of execution across Miami's most dynamic submarkets, and we look forward to seeing the project contribute to Wynwood's continued evolution."
Twenty Sixth & 2nd Wynwood Residences will feature over 32,000 square feet of wellness-focused amenities, including a glass house for meditation and yoga, tranquil gardens, a thermal circuit with steam, sauna and cold plunge, private treatment rooms, an invigorating rain shower, and a state-of-the-art fitness studio with advanced technology. Additional amenities include The Sky Swim Lounge, featuring an elevated rooftop pool with cabanas and lush landscaping, an outdoor bar and lounge, private alcoves with swing chairs, a private residential porte cochere with 24-hour valet service, sports equipment storage, on-site property management, and access-controlled entry points.
“Twenty Sixth & 2nd Wynwood Residences reflects the bold creativity and energy that define Wynwood,” said Alex Karakhanian, Principal of LNDMRK Development. “As we break ground alongside PMG, we are proud to bring a project that reimagines the connection between living and working in one of Miami’s most inspiring neighborhoods. We believe this development will further energize the neighborhood and offer a one-of-a-kind experience for both residents and visitors.”
The property will include 26,000 square feet of ground-floor retail with approximately 475 linear feet of frontage. ASG Equities, the seller of the land to the joint venture, will retain ownership of the retail component and hold a minority interest in the residential portion of the development. Further integrating the building with its community, Twenty Sixth & 2nd Wynwood Residences will also showcase a curated collection of custom art installations throughout its common spaces in homage to Wynwood’s artistic history.
The Wynwood Arts District in Miami has cultivated a thriving arts and culture scene with galleries, boutiques, and bold street art that represents the neighborhood’s vibrant, creative energy and raw dynamism. Twenty Sixth & 2nd Wynwood Residences will place residents in the center of this cultural hub, with easy access to community attractions such as the Wynwood Walls, Museum of Graffiti, and The Margulies Collection at the Warehouse in addition to modern bakeries, outdoor parks, eclectic markets, and top cuisine.
PMG Residential is the lead sales team exclusively representing sales for Twenty Sixth and 2nd Wynwood Residences.
*Hosting is subject to local laws and other restrictions. Office suites may not be listed on Airbnb independently. Any listing of an office suite on Airbnb must include the associated residential unit and cannot be listed separately from their corresponding residence.
Renderings via ARX Creative
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Okan Tower Reaches 75% Structural Completion As Construction Passes 50th Floor in Downtown Miami
The 902-foot Okan Tower has reached 75% structural completion, with 50 of its 72 floors now in place. With construction crews ascending at the breakneck speed of one floor a week, the Hilton Hotel-anchored, tulip-shaped supertall tower is zooming toward the finish line with a top off anticipated for August.
The 902-foot Okan Tower has reached 75% structural completion, with 50 of its 72 floors now in place. With construction crews ascending at the breakneck speed of one floor a week, the Hilton Hotel-anchored, tulip-shaped supertall tower is zooming toward the finish line with a top off anticipated for August.
The tower, designed by Behar Font & Partners, is a masterful case of engineering meeting design. As the building continues its rapid ascent, its sculptural form is beginning to take shape on the skyline. Installation of the tower’s curtain wall has already advanced dozens of floors up the structure, while a series of stepped floor plates are creating the layered exterior inspired by the form of a Turkish tulip. Now rising above the surrounding Downtown buildings, the tower has quickly become one of the most visible projects reshaping Miami’s skyline.
Set to rise 902 feet, Okan Tower will be the second-largest tower in Downtown Miami. Developed by Okan Group and located at 555 North Miami Avenue, the tower is a mixed-use masterpiece, uniting hospitality, residential, wellness, and office components within a single vertical address.
The project will be anchored by a 316-key Hilton Miami Bayfront Hotel, with 236 condo-hotel units managed by Hilton Hotels & Resorts®. The tower will feature 163 Sky Residences and approximately 64,000 square feet of Class A office space.
Positioned in the urban core, Okan Tower offers direct connectivity to Miami Worldcenter and Downtown Miami’s expanding collection of cultural, dining, and entertainment destinations. From the Kaseya Center to the Frost Museum, the Adrienne Arsht Center for the Performing Arts, and Freedom Tower, the location sits at the nexus of the city’s cultural and entertainment centers.
“Reaching this stage of construction is a significant achievement for the project,” said Bekir Okan, Chairman of Okan Group. “Okan Tower represents years of planning, design, and coordination. Seeing the building take its place on the Miami skyline is both rewarding and a clear reflection of the team’s disciplined execution.”
Global buyers have taken notice. Since launch, Okan Tower has secured buyers from key domestic and international markets, including Argentina, Mexico, the United States, Colombia, Turkey, Spain, and Denmark. The steady demand reflects Miami’s continued strength as a global investment and residential market, supported by ongoing migration, capital inflows, and sustained interest in South Florida’s high-end real estate sector.
“The project’s steady construction progress reflects the consistency of buyer interest we’ve seen since launch,” said Michael Sadov, Sales Director at Okan Tower. “Purchasers increasingly view Downtown Miami condos as an asset class of their own with all the lifestyle benefits that come with living in the epicenter of the most exciting city on the planet.”
Rising as one of the most architecturally distinctive supertalls in the United States, the tower delivers a fully integrated lifestyle experience anchored in design and global hospitality. Its tulip-inspired silhouette introduces a new architectural icon to the Miami skyline. The building is anchored by a ground-floor arrival with 24-hour reception and concierge services. Residents will have access to a 72nd-floor rooftop pool and sky deck with private cabanas, among the tallest rooftop pools in the country, offering expansive views of Downtown Miami and Biscayne Bay, as well as a 12th-floor lap pool complemented by a clubroom and indoor-outdoor lounge spaces.
Wellness-focused amenities include a traditional Turkish hammam, sauna, steam rooms, and private treatment areas, alongside a state-of-the-art health and fitness center, yoga studio, and Peloton® bikes. Additional features include a children’s sensory and playroom, technology theater, wine cellar, and owner’s lounge, all supported by dedicated lifestyle services for residents and guests alike.
Exclusively marketed and sold by Fortune Development Sales, Okan Tower’s sales gallery is located at 542 North Miami Avenue.
Renderings via Okan Tower
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Cipriani Residences Miami Rises to Become The Tallest Residential Tower South of Manhattan Passing 872 Feet
Cipriani Residences Miami, the first ground-up residential development in the Americas by the iconic Cipriani brand, has reached 872 feet, officially becoming the tallest residential tower south of New York City. As it continues its ascent toward an anticipated height of approximately 950 feet, the tower marks a defining inflection point in Miami’s evolution into one of the most consequential luxury residential markets in the United States.
Cipriani Residences Miami, the first ground-up residential development in the Americas by the iconic Cipriani brand, has reached 872 feet, officially becoming the tallest residential tower south of New York City. As it continues its ascent toward an anticipated height of approximately 950 feet, the tower marks a defining inflection point in Miami’s evolution into one of the most consequential luxury residential markets in the United States. The project is expected to be completed in 2027.
Developed by Mast Capital, the milestone is being achieved as construction advances into the building’s final levels, including the forthcoming Penthouse Collection. In surpassing the 868-foot Panorama Tower, Cipriani Residences Miami establishes a new benchmark for residential height in both Miami and the state of Florida, placing it among a limited group of towers redefining the scale and ambition of vertical living beyond traditional gateway cities. The building has advanced at a notable pace, with construction rising at approximately one residential level every several working days, underscoring both execution and sustained demand.
“This milestone reflects a disciplined commitment to craftsmanship and the conviction that buildings of this scale must offer far more than height,” said Camilo Miguel Jr., Founder and CEO of Mast Capital. “What we are seeing is not only the physical rise of Cipriani Residences Miami, but the continued ascent of Miami itself. As global wealth, leading financial institutions, and major companies establish a permanent presence here, expectations around design, service, and overall quality have fundamentally evolved. Our responsibility has been to respond with a level of precision, rigor, and execution that defines its own standard. The residences at the pinnacle of this tower embody that ambition in its most refined expression.”
Cipriani Residences Miami now stands as one of Brickell’s most vertically ambitious residential towers, introducing a scale and presence more often associated with established markets such as Manhattan. Its prominence within the skyline reflects a broader shift in buyer expectations, where elevation, discretion, and a fully integrated standard of service have become defining elements of contemporary residential living. The project has already achieved significant sales to date, with a globally diversified buyer base spanning the United States, Latin America, and Europe.
Now reaching the level of The Penthouse Collection, the project enters its most rarefied phase. With architecture by Arquitectonica, under the direction of Bernardo Fort-Brescia, Cipriani Residences Miami will feature 397 one- to four-bedroom homes with interiors by 1508 London, reflecting the brand’s signature elegance through a refined palette of warm neutrals and rich wood tones. Positioned at the tower’s highest elevations, The Canaletto Collection, a limited offering of ultra-luxury homes, represents the ultimate expression of the building, where scale, craftsmanship, and Cipriani’s hospitality ethos converge. The most exceptional and final inventory sits at the very top, offering unobstructed views of the city skyline and Biscayne Bay as well as a level of privacy, refinement, and scarcity rarely achieved in the market.
“In conceiving Cipriani Residences Miami, we were inspired by the timeless connection between Venice and the water,” said Bernardo Fort-Brescia, Founding Principal of Arquitectonia. “The sweeping curving glass terraces reflect both the sky and Biscayne Bay, allowing the tower to feel connected to its South Florida setting. And as the tower reaches the skies, it dissolves into a series of terraces that define a unique profile.”
Cipriani Residences Miami offers a hospitality-led lifestyle anchored by more than 50,000 square feet of amenities, including a resident-only restaurant, private dining experiences, a 37th-floor speakeasy, a resort-style pool deck with cabanas, and a comprehensive wellness program. Residents will also benefit from Cipriani’s signature service, including in-home dining and concierge offerings, extending the brand’s legacy into a fully residential setting.
Set within Brickell, the city’s financial core, the tower rises at the center of one of the most dynamic economic transformations in the United States. Over the past several years, Miami has attracted an unprecedented influx of high-net-worth individuals, institutional capital, and global firms, with more than 300 financial companies now operating in the region. This sustained migration has repositioned Brickell as a true international business and lifestyle hub, where demand for primary residences continues to accelerate.
Sales and marketing efforts for the project are handled exclusively by Fortune Development Sales, with Residences starting from $1.8 million and The Canaletto Collection Residences starting from $4.1 million.
Renderings via The Boundary
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Constellation Group and The Boschetti Group Break Ground on Cora Merrick Park, Coral Gables' First Wellness-Focused Luxury Residences
Constellation Group and The Boschetti Group celebrated the groundbreaking of CORA Merrick Park today, a boutique residential condominium centered on wellness in Coral Gables. Located at 4241 Aurora Street in the heart of the exclusive Merrick Park neighborhood, CORA will deliver 74 thoughtfully designed residences that reflect a modern, wellness-oriented approach to living.
Constellation Group and The Boschetti Group celebrated the groundbreaking of CORA Merrick Park today, a boutique residential condominium centered on wellness in Coral Gables. Located at 4241 Aurora Street in the heart of the exclusive Merrick Park neighborhood, CORA will deliver 74 thoughtfully designed residences that reflect a modern, wellness-oriented approach to living.
Local municipal leaders as well as key members of the design and construction team who spoke to guests at the event included Coral Gables Mayor Vince Lago; Constellation Group Managing Principal Eduardo Otaola; Jay Parker, CEO of Brokerage, Florida Region, and President of Douglas Elliman Development Marketing, Florida; and Arquitectonica Vice President Ray Fort.
Priced from the $900,000s to over $4 million for penthouse suites, Cora Merrick Park is designed by acclaimed architecture firm Arquitectonica with interiors by Urban Robot. It is among the first condos in Miami to seek certification through the International WELL Building Institute (IWBI) WELL for residential program, an evidence-based, third-party certification aimed at creating healthier, more resilient homes.
The project is directly across from Shops at Merrick Park — Coral Gables’ world-class shopping and dining destination — and within walking distance of downtown Coral Gables and the Metrorail, offering easy access to Coconut Grove, the University of Miami, and Downtown Miami/Brickell. It is also just one block from 4225 Ponce, a newly delivered Class A, boutique office property anchored by wealth management firm UBS, also developed by Constellation Group and The Boschetti Group.
“Cora Merrick Park is the first residential community in Coral Gables designed to integrate wellness into everyday living,” said Eduardo Otaola, Managing Principal at Constellation Group. “It also meets pent-up demand for new luxury product and offers a compelling alternative to the single-family home market. Cora Merrick Park is in an irreplaceable location that gives buyers the chance to own a piece of Merrick Park, delivering walkability, community, and the quality-of-life benefits that Coral Gables is known for — all in a finished turnkey project with world-class amenities.”
"South Florida continues to attract high-net-worth individuals and families relocating from across the country and around the world, and Coral Gables is one of the most exclusive and coveted addresses in the U.S.," said Jay Phillip Parker, CEO of Brokerage, Florida Region, and President of Douglas Elliman Development Marketing, Florida. "Cora Merrick Park speaks directly to the buyer who has experienced the best in New York, London, or São Paulo and wants a home in Miami that matches that high standard. Cora Merrick Park offers an exceptional location in a family-friendly city with historic charm that is close to the region’s best country clubs, schools, retail, and office centers.”
Spanish wellness firm Lamarca Well — best known for creating the first wellness hub in Madrid, Spain — is overseeing Cora’s wellness programming. The building’s amenities center on biohacking and longevity, featuring advanced air and water purification systems, noise-reducing acoustic design, non-toxic building and cleaning materials, a fitness center with a dedicated recovery zone, and a spa with infrared sauna, steam room, contrast hydrotherapy pools, and red-light therapy panels. Residents will also enjoy a resort-style rooftop pool deck, yoga and meditation area, lobby tearoom, and the first rooftop padel court in Coral Gables.
Cora Merrick Park offers 13 unique floor plans, from one-bedroom to expansive three-bedroom-plus-den residences, each featuring 10-foot ceilings, Italkraft kitchens, Sub-Zero/Wolf appliances, designer stone countertops, custom porcelain flooring, and walk-in closets. Select residences include expansive private lanais.
The design offers a modern reinterpretation of the Spanish Mediterranean aesthetic, pairing coralina stone and marble with dark-stained oak — a nod to Coral Gables’ signature oak canopy. Textured columns, organic stone forms, and chevron-patterned porcelain tile from Spain’s Living Ceramics create a refined, wellness-focused interior environment. Outside, an original sculpture by celebrated Catalan artist Jaume Plensa anchors a lush 5,000-square-foot park.
The Berkadia Miami team of Scott Wadler, Mitch Sinberg, Matt Robbins and Brad Williamson arranged a construction loan which will be announced this month.
Winmar Construction is the general contractor for Cora Merrick Park.
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Catalfumo Companies Near Completion on The Ritz-Carlton Residences, Palm Beach Gardens
The Ritz-Carlton Residences, Palm Beach Gardens, is nearing completion where construction has now entered its final phase and continues to make steady progress toward its anticipated 2026 completion. Developed by Catalfumo Companies, the 106-unit project comprises three buildings designed by Spina O’Rourke + Partners, with hospitality interiors by Susurrus and model residential interiors by Decorators Unlimited.
The Ritz-Carlton Residences, Palm Beach Gardens, is nearing completion where construction has now entered its final phase and continues to make steady progress toward its anticipated 2026 completion. Developed by Catalfumo Companies, led by Chairman, Founder, and CEO Daniel Catalfumo, the 106-unit project comprises three buildings designed by Spina O’Rourke + Partners, with hospitality interiors by Susurrus and model residential interiors by Decorators Unlimited.
Palm Beach Gardens is rapidly emerging as one of South Florida’s most compelling waterfront luxury markets, driven by over $100 million of investment in marina development and a growing demand for service-driven residential living. The Ritz-Carlton Residences, Palm Beach Gardens is set on the last 14 contiguous acres of Intracoastal waterfront in the Palm Beach Gardens Marina District. Residences span more than 3,800 square feet, with pricing from $3.8 million to over $10 million and sales overseen by Douglas Elliman Development Marketing.
Further signaling the project’s transition into its operational phase, the development recently appointed Monique Nussbaum as General Manager. With more than 25 years of experience across The Ritz-Carlton brand and luxury residential communities, she will oversee the property’s 106 residences, marina-front amenities, and service program as the team prepares for resident move-ins.
“Monique brings a deep understanding of branded residential operations and a longstanding commitment to service excellence,” said Daniel Catalfumo, chairman, founder and CEO of Catalfumo Companies. “As the residences approach completion and the vision becomes fully realized, her experience with The Ritz-Carlton brand comes at a defining moment, where luxury residential development is no longer defined by design and location alone, but by the integration of hospitality. At The Ritz-Carlton Residences, Palm Beach Gardens that philosophy is embedded throughout, from 24/7 concierge services to personalized in-residence offerings and seamless access to boating from the private 29-slip marina.”
Across the property, more than 20,000 square feet of resort amenities are now taking shape, offering a clear preview of the lifestyle at the center of the community. Anchoring the waterfront is a 95-foot infinity pool overlooking the Intracoastal, complemented by twelve private cabanas with dedicated food-and-beverage and towel service. A waterfront pavilion with outdoor grilling creates a natural gathering space, while early landscaping installations are beginning to frame pickleball courts, dog park, grilling terraces, and waterfront walking.
Above the marina, an upper amenity terrace introduces expansive green space the size of nearly two football fields, a putting green, and sweeping water views, with select residences offering direct access and private terraces exceeding 1,800 square feet. Inside, the amenity experience continues to take form, including the Lighthouse Lounge, a signature waterfront setting designed for entertaining and quiet retreat, along with a grand lobby with 24-hour front desk service, a waterfront fitness center, and a private clubhouse with bar and dining spaces. Together, residents will be immersed in The Ritz-Carlton’s anticipatory service, creating a seamless extension of the residential experience.
For the first time, the Estate Collection residences are becoming tangible. Across all three buildings, interior finishes are advancing, with appliance installation, drywall, and millwork well underway as the residences take shape.
Designed to live like true waterfront estates, these large-format residences feature expansive three- to five-bedroom layouts with dedicated dens and flow-through designs that capture natural light and water views from multiple exposures. Generous terraces extend the living experience outdoors, offering distinct living and dining areas for seamless indoor-outdoor living along the Intracoastal.
Interiors are anchored by oversized chef’s kitchens with Wolf and Sub-Zero appliances, gas ranges, and statement islands designed for gathering. Spa-style primary suites feature soaking tubs, backlit vanities, and oversized showers with multiple showerheads, while walk-in pantries, dedicated laundry rooms, and generously sized ensuite bedrooms bring the comfort and functionality of single-family living into a vertically integrated setting.
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Swire Properties Implodes Mandarin Oriental Hotel on Brickell Key Paving The Way For The Residences at Mandarin Oriental, Miami
Miami’s Brickell Key is entering a new era with The Residences at Mandarin Oriental, Miami, an ultra-luxury development comprising private residences and a new hotel, following the successful demolition of the building that housed the city’s former Mandarin Oriental Hotel.
Miami’s Brickell Key is entering a new era with The Residences at Mandarin Oriental, Miami, an ultra-luxury development comprising private residences and a new hotel, following the successful demolition of the building that housed the city’s former Mandarin Oriental Hotel. The milestone marks a significant step forward for the new development, which has achieved $1.3 billion in residential sales – including last month’s record-breaking dual penthouse sales totaling $100 million – ahead of groundbreaking later this year.
“Mandarin Oriental has been a defining part of Brickell Key for more than two decades, and the brand’s legacy will live on with the development of two towers set to transform residential living and hospitality in Miami,” said Dave Martin, President of Swire Properties. “With demolition now behind us, our team is eager to get going with vertical construction as we entertain buyers from across the U.S. and around the world.”
The controlled-implosion of the 23-story hotel and its adjacent six-story parking structure took place in a matter of seconds on the morning of Sunday, April 12th, clearing the site for The Residences at Mandarin Oriental, Miami, which will feature 228 private residences in the South Tower and 70 private residences, 28 turnkey hotel collection residences, and what is destined to be the brand’s new North America flagship hotel with 121 keys in the North Tower.
The existing structure came down in a controlled manner as part of a carefully orchestrated demolition process that required nearly two years of planning and coordination among specialized experts – including The BG Group LLC, Controlled Demolition Inc., and Moss Construction – working in collaboration with the City of Miami.
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At the start of 2025, Swire Properties launched a comprehensive community outreach and safety initiative to support the implosion process. This included more than 30 meetings with Brickell Key residents and the broader Brickell community, distribution of protective materials to neighboring buildings, and detailed safety guidance for nearby residential, commercial, and restaurant operators. On-site measures included the installation of perimeter container walls and temporary barges, as well as the deployment of vibration and air quality monitors across Brickell Key. In addition, Swire and its team of experts conducted a pre-implosion survey of Biscayne Bay, which will be compared against post-implosion findings to ensure the marine environment remains unaffected.
Crews will now undertake a debris removal process from the site that will last up to six months, with material set to be cleared from the site in a tightly choreographed manner. Preparations for groundbreaking are underway, with the groundbreaking ceremony expected to take place later this year. Construction is expected to last approximately four years, with delivery anticipated in 2030.
Renderings via RMOMIA, Tower Rendering via Binyan Studios
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MIRAI Design District has signed Sant Ambroeus as a signature hospitality tenant, marking the heritage Italian brand’s second planned Miami location and further reinforcing the project’s position as a design-, hospitality-, and culture-driven destination within the evolving Miami Design District.